South Korea's goal is to become the fourth largest textile country in the world by 2020

The Korea Federation of Fiber Industry releases its future development goals. The export scale will increase to 21 billion U.S. dollars in 2020, and the production value will reach 56 trillion won, becoming the fourth largest textile powerhouse in the world.

The technical level will be raised to 90% of the United States and Japan, and the proportion of new fibers will also increase from 25% to 60%.

To achieve this goal, the Korea Fiber Industry Federation proposes strategies to ensure cutting-edge technologies, achieve common development of various process manufacturers, use free trade agreements (FTA), expand global business bases, and develop three major global brands.

Korea Fiber Industry Federation Future Development Goals 2010 2015 2020 Export Scale US$13.9 billion USD 17.5 billion USD 21 billion USD Production Value 38 trillion won 45 trillion Korea Won 56 trillion Technology Level (compared to Japan and US) 70% 80% 90 The percentage of new fiber is 25% 45% 60%.

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